The Global Vendor Neutral Archive (VNA) & PACS market has been estimated
at USD 3.28 billion in 2017. The market is expected to register a CAGR
of 5.9% during the forecast period, 2018 to 2023. North America
accounted for the largest market share, accounting for approximately 60%
of the global market share in 2017, while Europe region was estimated to
register the fastest CAGR through the forecast period, 2018-2023.

Rising Demand of Image Archiving

PACS dominates over VNA generating most of the revenue from the PACS
replacements. PACS systems store data as per the DICOM (Digital Imaging
and Communication in Medicine) standard to maintain uniformity; however,
different companies have different internal formats for storing data.
Here, VNA helps in centralized storage and the universalization of the
image format. The requirement for a repository of medical images for
accessing and sharing is increasing drastically. Therefore, it is one of
the fastest growing areas.

In addition, factors such as demand for storage of non-image medical
data, reduction in the cost of data storage, integration with electronic
health record (EHR) and compatibility of VNA with older data archival
systems also drives this market.

Sales Affected by Long-Term VNA Lifecycles

Though VNA facilitates scalable images, information and lifecycle
management, the long VNA lifecycles may affect the buying decisions of
users and lead to misinterpretations about the basic concepts of VNAs.
Also, there is the availability of long-term data which depicts the
disease propensity of an individual creating the reluctance to the
insurance providers and other service providers are reluctant to give
services. Hospitals, clinics and diagnostic centers are reluctant to
implement this software. This impedes the growth of this market.